What past delegates say?

"Very good overview of the CRS regulation and reporting requirements."

Assistant Company Secretary, Aberdeen Asset Management

"Very useful and resourceful."

Compliance Manager, Zen Fund Management, Shanghai 

"Very good - enjoyable and useful."

Manager, Margetts Fund Management

 

CRS - Common Reporting Standard

Register Now

5 Oct 2017 London

Regular price £950 + VAT. 10% discount for a booking of 3.

Register Now

7 Dec 2017

Course Description

The introduction of US FATCA in 2010 saw a clamp down on US citizens evading tax, an initiative that was to change the face of the fight on financial crime. It triggered similar actions on a global level and in particularly the introduction of Common Reporting Standard (CRS) by the OECD, a wider global tax transparency initiative. 

In February 2014, G20 finance ministers and governors endorsed the CRS as the new global standard for the Automatic Exchange of Information (AEoI) - an agreement to share information on residents' assets and incomes. CRS employed a bigger part of the existing FATCA model but with a far more ambitious reach.

This practical 1 day course conducted by an experienced City practitioner will give you a thorough understanding of the Common Reporting Standard reporting requirements and will help you determine the most effective ways of complying with this regulation. From identifying reportable accounts and conducting due diligence to setting up reporting framework and data management challenges. You will gain all the tools to set up and manage CRS within your organisation. 
 
A multiple choice test will be perfomed at the end of the course to consolidate and check participants' knowledge. 

What Will You Learn

  • Understand the scope and impact of CRS reporting
  • Differences and similarities between different reporting standards
  • Learn about customer identification and classification 
  • Learn the best practices in complying with AEI / CRS
  • Implementation of the CRS framework 
  • The best reporting practices
  • Data Standards and Importance of Reference Data
  • Implementation challenges and key success factors 

 

Book also for one of the courses below at the same time and save additional £100! (in total, not per course)

Main Topics Covered During This Training

  • Background to the CRS reporting requirements
  • Impact of CRS on the Financial Services Industry
  • Scope of the CRS reporting
  • Review and comparison with other similar regulations (CDOT, FATCA, DAC)
  • Review of financial accounts in scope and exemptions
  • Identifying reportable accounts
  • Customer identification and classification process
  • Due diligence process 
  • Creating Rulemap
  • Best practices in working with and complying with CRS requirements
  • Governance - roles & responsibilities
  • Reporting solutions considerations
  • Key parameters for decision making
  • Business model consideration
  • Data standards and Importance of reference data
  • Project setup, milestones, attention points
  • Controls over CRS reporting
  • Key Success factor for delivering CRS 
  • CRS implementation challenges

Who Should Attend

Everyone with responsibilities of:  

  • FATCA
  • Regulatory reporting and compliance
  • Tax (operational)
  • KYC/AML
  • Legal
  • IT
  • Project management
  • Data protection
Register Now

5 Oct 2017 London

Regular price £950 + VAT. 10% discount for a booking of 3.

Register Now

7 Dec 2017

CRS - Common Reporting Standard Workshop

9.15 a.m. - Course starts

Background to the CRS reporting requirements

  • Why CRS was created and the reasoning in establishing the requirements
  • How CRS impacts the Financial Services Industry
  • Scope of CRS reporting
  • Review of other AEI regimes FATCA (US Foreign Account Tax Compliance ACT), CDOT (Crown Dependencies and Gibraltar Regulations) and DAC (EU Directive on Administrative Cooperation in Tax Matters)
  • Reporting Timelines across AEI Initiatives and how they compare
 
CRS Reporting 
 
  • Scope of CRS reporting
  • Review of financial accounts in scope and exemptions
  • Identifying reportable accounts
  • Customer identification and classification process
  • Critical categories of customers and counterparties
  • Due diligence process (documentation, evidence, retention, self certification, aggregation, change of circumstances)
  • The purpose of the Rulemap and their general impacts 
 
Best practices in working with and complying with AEI requirements
 
  • Governance; roles & responsibilities
  • Reporting solutions considerations
  • Key parameters for decision making
  • Business model consideration
  • Data standards and importance of reference data
  • Project setup, milestones, attention points
  • Controls over CRS Reporting
  • Reconciliation 

 

Key success factor for delivering CRS and CRS implementation challenges

  • Governance
  • IT infrastructure
  • Data aggregation and
  • Reporting practices

A multiple choice test will be perfomed at the end of the course to consolidate and check participants' knowledge. 

4 p.m. - Course finish

The Course Director is an experienced leader, investment banking professional and subject matter expert with strong commercial acumen and over 18 years experience overseeing global business intelligence, regulatory programmes and data/predictive analysis science programmes across North America, EMEA, Asia and Emerging Markets for tier 1 Investment and Asset Management banks such as Deutsche Bank (Asset Management & Investment Bank), ABN AMRO Asset Management, UBS (Private Wealth & Investment Bank), Bank of New York Asset Management, JP Morgan Asset Management and HSBC Investment Bank, RBS Investment Bank and Amoo Venture Capital Advisory.

An SME across various regulations such as FATCA, CRS, CDOT, MiFID, MiFID II, MiFIR, BCBS, GDPR, EMIR and Derivatives expert, Simon has over 7 years hands-on experience consulting/advising in, implementing regulations (from back to middle to front office) and training senior banking and finance executives both on the business and IT sides. He has operated in different capacity from Programme Management, Senior Business Analyst to Business Architect working within change management and operating across front office, middle office and bank office with remit extending joint accountability with other team members for M&A governance, consortium management, branding & communications, trading & settlements and transfer agency technologies of £72 Billion Asset under Management. He has also served as a non-executive Director and Business Development Director to Amoo Venture Capital Advisory, advising and reshaping regulatory financial technology for start-ups businesses in need of seed capital of between $500 thousand to $100 million. 

CRS - Common Reporting Standard <p>The introduction of US FATCA in 2010 saw a clamp down on US citizens evading tax, an initiative that was to change the face of the fight on financial crime. It triggered similar actions on a global level and in particularly the introduction of Common Reporting Standard (CRS) by the OECD, a wider global tax transparency initiative.&nbsp;</p> <p>In February 2014, G20 finance ministers and governo ... 1507161600 London